MDA Space Ltd.

TSX:MDA Stock Report

Market Cap: CA$3.4b

MDA Space Valuation

Is MDA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MDA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MDA (CA$28.46) is trading above our estimate of fair value (CA$7.72)

Significantly Below Fair Value: MDA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MDA?

Key metric: As MDA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MDA. This is calculated by dividing MDA's market cap by their current earnings.
What is MDA's PE Ratio?
PE Ratio50.6x
EarningsCA$67.80m
Market CapCA$3.38b

Price to Earnings Ratio vs Peers

How does MDA's PE Ratio compare to its peers?

The above table shows the PE ratio for MDA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.1x
BBD.B Bombardier
15.5x14.5%CA$9.3b
HRX Héroux-Devtek
20.5x15.8%CA$1.1b
MAL Magellan Aerospace
28.2x59.4%CA$545.7m
ATS ATS
32.3x18.4%CA$4.1b
MDA MDA Space
50.6x33.9%CA$3.4b

Price-To-Earnings vs Peers: MDA is expensive based on its Price-To-Earnings Ratio (50.6x) compared to the peer average (24.1x).

Price to Earnings Ratio vs Industry

How does MDA's PE Ratio compare vs other companies in the North American Aerospace & Defense Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MDA 50.6xIndustry Avg. 32.8xNo. of Companies6PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MDA is expensive based on its Price-To-Earnings Ratio (50.6x) compared to the North American Aerospace & Defense industry average (32.8x).

Price to Earnings Ratio vs Fair Ratio

What is MDA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MDA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio50.6x
Fair PE Ratio32.3x

Price-To-Earnings vs Fair Ratio: MDA is expensive based on its Price-To-Earnings Ratio (50.6x) compared to the estimated Fair Price-To-Earnings Ratio (32.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MDA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$28.46
CA$32.63
+14.6%
10.0%CA$38.00CA$26.00n/a8
Dec ’25CA$26.91
CA$29.25
+8.7%
5.3%CA$31.00CA$26.00n/a8
Nov ’25CA$23.51
CA$20.75
-11.7%
22.4%CA$26.00CA$15.00n/a8
Oct ’25CA$17.40
CA$18.00
+3.4%
15.7%CA$22.00CA$15.00n/a7
Sep ’25CA$15.85
CA$17.71
+11.8%
15.3%CA$22.00CA$15.00n/a7
Aug ’25CA$12.72
CA$16.50
+29.7%
12.9%CA$20.00CA$14.00n/a7
Jul ’25CA$13.66
CA$16.29
+19.2%
11.1%CA$19.00CA$14.00n/a7
Jun ’25CA$11.78
CA$16.29
+38.2%
11.1%CA$19.00CA$14.00n/a7
May ’25CA$14.58
CA$16.00
+9.7%
12.4%CA$19.00CA$13.00n/a7
Apr ’25CA$14.93
CA$15.79
+5.7%
11.2%CA$19.00CA$13.00n/a7
Mar ’25CA$14.71
CA$15.79
+7.3%
11.2%CA$19.00CA$13.00n/a7
Feb ’25CA$11.24
CA$14.68
+30.6%
12.2%CA$18.00CA$12.75n/a7
Jan ’25CA$11.52
CA$14.46
+25.6%
11.8%CA$18.00CA$12.75n/a7
Dec ’24CA$11.45
CA$14.46
+26.3%
11.8%CA$18.00CA$12.75CA$26.917
Nov ’24CA$11.79
CA$13.36
+13.3%
12.1%CA$16.00CA$11.00CA$23.517
Oct ’24CA$11.53
CA$13.21
+14.6%
11.8%CA$16.00CA$11.00CA$17.407
Sep ’24CA$10.98
CA$13.21
+20.3%
11.8%CA$16.00CA$11.00CA$15.857
Aug ’24CA$8.32
CA$10.71
+28.8%
16.1%CA$13.00CA$8.00CA$12.727
Jul ’24CA$8.17
CA$10.71
+31.1%
16.1%CA$13.00CA$8.00CA$13.667
Jun ’24CA$8.30
CA$10.00
+20.5%
15.2%CA$12.00CA$8.00CA$11.785
May ’24CA$6.56
CA$10.00
+52.4%
15.2%CA$12.00CA$8.00CA$14.585
Apr ’24CA$7.00
CA$10.50
+50.0%
12.1%CA$12.00CA$8.50CA$14.934
Mar ’24CA$8.05
CA$10.75
+33.5%
13.4%CA$12.00CA$8.50CA$14.714
Feb ’24CA$6.98
CA$10.75
+54.0%
13.4%CA$12.00CA$8.50CA$11.244
Jan ’24CA$6.40
CA$10.60
+65.6%
12.4%CA$12.00CA$8.50CA$11.525
Dec ’23CA$6.49
CA$10.60
+63.3%
12.4%CA$12.00CA$8.50CA$11.455

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 00:09
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MDA Space Ltd. is covered by 10 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thanos MoschopoulosBMO Capital Markets Equity Research
Douglas TaylorCanaccord Genuity
Jason GurskyCitigroup Inc